2016 for full-scale production. He also comes with some impressive credentials…for a business student. He has previously worked in corporate credit at Morgan Stanley.
“I think that someone with my background, having worked for a premier investment firm, understands capital markets very well and also the types of investors and their mentality who might be able to take this technology to another level,” he says.
The Clean Energy Prize competition was established by DTE Energy and the University of Michigan. The Masco Corporation Foundation and The Kresge Foundation were Clean Energy Prize’s founding sponsors. Also supporting the contest are UBS Investment Bank, Google, and Nth Power, a cleantech venture capital company.
“We see the competition as a catalyst for students and faculty at Michigan’s universities to bring new energy technologies out of the labs and into the marketplace,” said DTE Energy President Gerry Anderson says in a prepared statement. “And in doing that, it helps create a culture of innovators and the venture capitalists that support them. What (the competitors) did as part of this Clean Energy Prize competition is exactly what we need more of in Michigan.”
When I caught up with Carver in late February, he was at the airport about to hop a plane out of Michigan, temporarily. He was going to join some friends in Colombia for a long hike. Waiting for him back at home is a long trail toward commercialization. Sounds like he’s off to a good start.
